Palmetto Breeze Recognized by GFOA for Excellence in Financial Reporting

Staff Report

Thursday, July 30th, 2020

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the Lowcountry Regional Transportation Authority (LRTA), doing business as Palmetto Breeze, for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2019. According to the release made by GFOA (attached) “The CAFR was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate LRTA’s financial story.”

“We work very diligently at Palmetto Breeze to prepare all our operating and financial reports with transparency and accuracy, so it is especially gratifying to be recognized by the GFOA for our team’s hard work,” said LRTA Executive Director Mary Lou Franzoni.

According to the GFOA, the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a governmental entity and its management.